Traditional email security tools have proven effective at preventing spam and traditional email phishing messages, but now face unprecedented challenges identifying, preventing and responding to modern and more sophisticated phishing attacks, such as business email compromise (BEC) and ransomware.
As BEC scams continue to evolve and increase in frequency, they now frequently target small, medium, and large business, and personal transactions.
In fact, the FBI has reported more than $12 billion in global losses from over 78,617 BEC incidents between 2013 and 2018. Overall, there was a 136 percent increase in financial losses worldwide between December 2016 and May 2018.
With More Than 500 Businesses Targeted Per Day by BEC Attacks, What Can Businesses Do To Protect Their Inboxes From This Growing Threat Vector?